The company claims that Smart Scalper Pro is one of the most successful expert advisors that work on simple and pure trading logic. The robot only performs during backtesting and fails during live testing. There are numerous drawbacks to the system that you should consider before buying.
What is Smart Scalper Pro?
Smart Scalper Pro has the following features:
- Advanced time management and news filter
- High spread, slippage, and broker protection
- Support for multiple currencies and email notifications
The developer recommends using auto money management equivalent to 2% for low and 10% for high risk. The recommended lot size is 0.05 on a 1k account, which a trader can increase according to his equity size. It supports GBPUSD, EURUSD, USDCHF, USDJPY and GBPUSD. It does not matter which time frame you use the expert advisor as they are hardcoded. However, there is a recommendation of M1 and M15.
Official Smart Scalper Pro Website
The developer shows off the robots on his website with a classy scheme. He first represents all the features and then shares the live trading results with a stamp of verification. There is no transparency on the programmer and his trading and coding experience. Lack of information raises a lot of red flags for the system.
How can we use Smart Scalper Pro?
To use the trading robot, you have to place the algorithms file in the experts’ directory of your MT 4 and 5 platform. After doing so, enable auto trade from the toolbar and place the robot on the respective charts to begin trading. You can also use the product on both iOS and Mac.
Pricing & Refund
For 1 Real and three demo accounts, the expert advisor will cost you $137. There is a 60-day money-back guarantee if you are not satisfied with the robot. The asking price is super high if we compare it with other systems in the market.
The robot enters the market after a strong correction is detected, and there is a strong impulse. As the name indicates, it uses a scalping approach getting in and out of positions with quickness. To analyze further, we dive into the trading history at Myfxbook. The robot holds trades for an average of 3 hours and 57 minutes which completely goes against the scalping claim from the developer. It trades on multiple currencies and does not use grid or martingale.
Backtesting results are available for various currency pairs, which show a steady upward curve. The system shows a high winning rate with drawdowns ranging from 10 to 30%. Backtesting results are not helpful in determining the future outcome as they do not respect real market conditions.
Live trading records are available at Myfxbook. The account makes a tiny 1.58% monthly gain for a high drawdown of 4.43%. The average win stands at $0.93, while the loss is -$1.85. For a total of 328 trades, the robot has traded 3.28 lots. The EA had a winning rate of 72% with a profit factor of 1.27. The best trade was $3.38, while the worst was -$9.30.
What Are the Real Customers Saying about Smart Scalper Pro?
There are no customer reviews on noted websites such as Forex Peace Army and TrustPilot that can guide us on the perspective of other traders. Lack of feedback hints that no one has bought and tried the system. This raises some red flags over the authenticity of Smart Scalper Pro.
Smart Scalper Pro ConclusionThe following table summarizes all the things that we like or dislike about Astrobot.
Trading results3/5 Neutral
- 60-day money-back guarantee
- High drawdown and zero returns
- No customer reviews
- High price